Adobe's stock experienced a 7% drop due to investor apprehension regarding the timeline for AI integration to yield profits, despite an increased annual revenue forecast. Concerns about competitive pressures and the monetization of AI initiatives have led to lowered price targets from several brokerages.
from Stocks-Markets-Economic Times https://ift.tt/lQ8nfXT
Adobe shares slump 7% as investors skeptical of quicker AI-adoption returns
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